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Aug 21, 2024
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HCA 631 - Health Care Financial Management and Third-Party Reimbursement Units: 4 Provides an introduction to the tools, concepts, and applications of financial management in the health care system, including accounting, financial statement creation and analysis, working capital management, investment strategies, capital needs financing, budgeting, and third-party service reimbursement systems.
Prerequisites: Completion of University Writing Skills Requirement (UWSR), admission to the MS-HCA or MPA program and HCA 611. Possible Instructional Methods: On-ground, or Hybrid, or Online-Asynchronous. Grading: A-F grading only. Student Learning Outcomes - Upon successful completion of this course students will be able to: - Analyze the impact of major 3rd -party payer reimbursement systems on revenues, including public payers such as Medicare and Medicaid.
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Construct and interpret the four basic financial statements for different ownership forms of health care organizations.
- Employ liquidity ratios, profitability ratios, activity ratios, and capital structure ratios for financial analysis.
- Utilize multiple financial techniques to analyze capital investment and production-level decisions.
- Demonstrate an understanding of the concepts, terminology, methods, and trends in health care finance and insurance reimbursement.
- Outline the financial management implications of SOX and other legislative and regulatory requirements.
- Create and analyze the four major budgets - statistics, operating, cash, and capital.
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